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50/50 leagues can be useful in that they minimize luck, but they can also increase variance if you don’t use them properly. If you participate in a lot of 50/50 leagues and don’t diversify your lineups, you’ll be taking on too much risk. On the other hand, if you create a different lineup for each league, you’ll be starting sub-optimal players.

Law No. 3: You will always understand the payout structure.

There’s a massive difference between a five-man league that pays out two owners compared to a five-man league that rewards only the winner. If you don’t understand the payout structure of a league, you can’t properly allocate your funds. The payout structure is a major factor in determining the risk involved with each league.